2 years ago
Long-term Bitcoin (BTC) holders sold nearly 50,000 BTC connected May 15, mounting a grounds for specified income this year.
This measurement represents revived proviso oregon the magnitude of the Bitcoin proviso that has re-entered circulation aft remaining untouched.
Addresses that held Bitcoin for much than 1 twelvemonth sold 18,000 BTC connected May 15 — portion addresses that held Bitcoin for much than 2 years sold 17,000 BTC. Addresses that held Bitcoin for much than 3 years sold 17,000 BTC.
Revived Supply: (Source: Glassnode)Bitcoin has seen higher revived supplies successful the past months. Notably, it saw revived supplies of 110,000 BTC and 95,000 BTC successful November 2022, representing income of $2 cardinal and $1.6 billion, respectively. Bitcoin besides saw a revived proviso of 100,000 BTC successful June 2022, representing income of astir $2.4 billion.
Bitcoin presently has a higher marketplace worth than it had successful those months, meaning that its latest revived proviso (50,000 BTC) is worthy much than $1 billion. It is, therefore, adjacent to past revived amounts successful presumption of dollar value.
The station Long-term Bitcoin holders merchantability astir 50K BTC – marking 2023 high appeared archetypal connected CryptoSlate.
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